| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Sell | Buy |
| RSI (14) | Buy | Buy | Neutral |
| Stochastic (5; 3) | Neutral | Buy | Buy |
| Alligator (13; 8; 5) | Sell | Sell | Buy |
| SAR (0.02; 0.2) | Sell | Sell | Sell |
| Aggregate | ⇘ | ⇒ | ⇗ |
[ANNOUNCE]Downside momentum has been dominating the EUR/AUD currency pair since the rate touched the upper boundary of a descending channel pattern at 1.6350 on October 11.[/ANNOUNCE]
The exchange rate is trading near the bottom border of the channel pattern during the morning hours of Tuesday's trading session and could be set for a breakout.
If this southern breakout occurs, the EUR/AUD currency pair could aim at June 4 swing low level of 1.5300 during the coming days.
Although, the short-term target for bearish traders could be near a support level formed by the monthly pivot point at 1.5453.